Acquisition History / Crane Company / Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes
Crane Company Acquires Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes
Announced June 6, 2025 — $1.06B
What happened
Crane acquired 100% of Precision Sensors & Instrumentation (held through Panametrics, LLC) from Baker Hughes Holdings and Bently Nevada under a purchase agreement dated June 6, 2025. The deal closed January 1, 2026 for a purchase price of $1,060M after adjusting for expected tax benefits with a net present value of about $90M.
- Acquirer
- Crane Company
- Target
- Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes
- Announced
- June 6, 2025
- Price
- $1.06B
- Industry
- Sensing and instrumentation
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Crane Company acquire Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes?
Crane Company acquired Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes on June 6, 2025. This was Crane Company's 1st publicly tracked acquisition out of 1 we have on record.
How much did Crane Company pay for Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes?
Crane Company paid $1.06B for Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes.
What does Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes do?
Crane acquired 100% of Precision Sensors & Instrumentation (held through Panametrics, LLC) from Baker Hughes Holdings and Bently Nevada under a purchase agreement dated June 6, 2025. The deal closed January 1, 2026 for a purchase price of $1,060M after adjusting for expected tax benefits with a net present value of about $90M.
What other Sensing and instrumentation companies has Crane Company acquired?
Precision Sensors & Instrumentation (Panametrics, LLC) from Baker Hughes is Crane Company's only publicly tracked acquisition in Sensing and instrumentation so far.